EDITORS: Please do not use
"Pacific Gas and Electric" or "PG&E" when
referring to PG&E Corporation or its National Energy Group.
The PG&E National Energy Group is not the same company as Pacific
Gas and Electric Company, the utility, and is not regulated by the
California Public Utilities Commission. Customers of Pacific Gas
and Electric Company do not have to buy products or services from
the National Energy Group in order to continue to receive quality
regulated services from Pacific Gas and Electric Company.
Statement Following Meeting With Governor's Staff
SAN FRANCISCO - Pacific
Gas and Electric Company issued the following statement after several
of its representatives met today with members of Governor Davis'
"PG&E wants to make clear
that it is not seeking a rescue or a bailout. We are asking the
state simply to follow the law, which allows us to recover wholesale
power costs incurred for our customers, and which recognizes that
our rate freeze should have ended last summer. Any solution must
be fair both to shareholders and ratepayers. The Governor's framework
does not yet meet this objective."
"Our team continues to be
willing to negotiate to achieve a fair solution, and our Chairman
remains personally available to meet with the Governor any time
on this issue."